January 31, 2024
mayank
Bajaj Finserv Nifty Bank ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 45.3028
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The Scheme is to provide returns that are responding with the performance of the Nifty Bank Index, subject to tracking errors.
Fund Manager:
1) Ilesh Savla
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Reliance Nippon Life Insurance, Equirus Securities and Maybank KimEng Securities.
2) Sorbh Gupta
Education: Mr. Gupta is a B.Com, CA and CFA.
Experience: Prior to joining Bajaj Finserv Mutual Fund, he was associated with Quantum Mutual Fund, Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd. He has over 11 years of overall experience in the equity research.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 19-Jan-24 |
| Return Since Launch | -0.16% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs — Cr |
| (As on ) | |
| Expense | –% |
| (As on ) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj FinServ Nifty Bank ETF | — | -0.16 | — | — | — | — | — | — | — | — |
| S&P BSE Bankex TRI | — | -0.26 | — | — | — | — | — | — | — | — |
| Equity: Sectoral-Banking | — | -0.17 | — | — | — | — | — | — | — | — |
| Rank within category | — | 19 | — | — | — | — | — | — | — | — |
| Number of funds in category | 44 | 45 | 44 | 43 | 39 | 35 | 26 | 16 | 16 | 11 |
Peer Comparison of Bajaj Finserv Nifty Bank ETF
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Nippon Ind ETF Nifty Bank BeES | Unrated | 13.13 | 14.59 | 11.10 | 0.19 | 6,516 | 16.44 | — | 19Y 8M | 31.00 |
| Kotak Nifty Bank ETF | Unrated | 13.04 | 14.53 | 11.04 | 0.16 | 4,723 | 10.57 | — | 9Y 1M | 22.87 |
| SBI Nifty Bank ETF | Unrated | 13.10 | 14.59 | 11.13 | 0.20 | 4,663 | 11.10 | — | 8Y 10M | 23.00 |
| ICICI Pru Nifty Bank ETF | Unrated | 13.13 | 14.65 | — | 0.15 | 3,464 | 9.15 | — | 4Y 6M | 38.00 |
| UTI Nifty Bank ETF | Unrated | 13.17 | 14.69 | — | 0.16 | 3,222 | 21.81 | — | 3Y 4M | — |
How to Invest in Bajaj Finserv Nifty Bank ETF?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Nifty Bank ETF
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
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